Market Fresh Produce, based in Nixa, MO, has acquired West Central Florida Produce, located in Tampa. The acquisition was completed on Aug. 11.
"This is an exciting time in the life of our company," Steve Phipps, owner and chief executive officer of Market Fresh Produce, said in a press release. "Having a repacking and distribution facility located in Florida really strengthens our go-to-market strategy, not only in Florida, but in many areas outside of the state."
West Central Florida's shareholders will remain minority partner in the company.
Upgrades have begun to transform the Florida operation into a state-of-the-art repacking facility. Immediate plans are to operate business as usual, however plans are being drawn to expand the product offering beyond tomatoes into other categories that Market Fresh currently offers.
In other Market Fresh news, Phipps has purchased Bushman Inc.'s ownership stake in Market Fresh Produce.
"Bushmans has been a great partner for the last three years, and we are appreciative that Bushmans supported our vision to take the reins of the company and pursue our vision of building the enterprise and tying us closer to the ground," Phipps said in the press release.
Mike Kemp Sr., director of business development, added, "It's a great time to be working for Market Fresh. Over the last three years, the company has changed in so many positive ways. I'm even more excited about the next three years."